T-Mobile Absorbs Sprint After Two-Year Battle

T-Mobile US Inc. closed its takeover of Sprint Corp. Wednesday after a nearly two-year battle with federal and state authorities.

The merger, worth about $31.8 billion based on T-Mobile’s closing stock price Tuesday, marks the end for Sprint as a company and a brand. The once-thriving network operator spent most of the past decade losing customers after a string of engineering and marketing missteps gave the upper hand to rivals, T-Mobile chief among them.

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Credit: WSJ.com